Values are most often determined by comparing your property with properties that are similar in location, design, size, age and amenities. The value placed on your property for the year 2019 was based on sales between July 1, 2016 and June 30, 2018, utilizing the Sales Comparison Approach. A copy of this method for your residential property is available from our office and will be included in your Notice of Value. Compsheet Layout and Time Adjusted Sales Prices

The assessor determines the actual (market) value for all real and personal property. Then a percentage (assessment rate) is multiplied by the actual value to determine the assessed value. In Colorado the residential assessment rate is currently 7.2%. For all other properties including commercial, personal property, vacant land and agricultural land, the assessment rate is 29%.

The actual value is multiplied by the assessment rate which is then multiplied by the mill levy. The residential rate in Colorado currently is 7.2%. The assessment rate for all other property, including vacant land, is 29%. Example: $150,000 (actual value) x 7.2% (residential assessment rate) x .081265 (mill levy) = $ 877.66 (annual tax dollars). Please note this is only an example. Your value and mill levy maybe different.

Each property is revalued to a June 30, 2018 value regardless of the percentage change. Some people think the previous (2017/2018) values are simply multiplied by an inflation factor, but in a reappraisal year, new data from relevant time frame is used, along with the latest mass appraisal techniques.

Each individual taxing authority such as school, county, fire, water, sanitation, library, recreation districts and metropolitan districts. These authorities provide services to you and are listed on your tax notice. If you feel you should not be paying to a specific authority please contact that authority. The assessor’s office has no authority over the districts.

No. You may only appeal your property’s actual value or classification. Objections to the level of taxation have to be taken to the taxing authorities. Colorado provides tax deferrals and rebates for some seniors. For information on the programs you may call 303-795-4600. authorities

You may come into the office during May to speak to an appraiser about your value. Or, you may file an appeal online, or mail an appeal to our office. This appeal must be postmarked by the first business day each June. It is important that if you choose to appeal the Assessor’s value, you should provide pertinent information supporting your estimated value. If you appoint an agent to act on your behalf, that person needs your written authorization.

You can get all the information you need in any of the following ways: Search Property information online, use our in office customer service kiosks to research property information. Or, use the copy of your residential comp sheet appraisal (backside of Notice of Valuation) that is mailed with your Notice of Valuation May 1 every odd-numbered year.

The Assessor’s Office will review all appeals and respond by letter by the end of June. In some cases the Assessor’s Office might need to make a physical inspection of the property. We will make every effort to do this during the month of June. If you are dissatisfied with the Assessor’s response, you may appeal to the County Board of Equalization.

In the November 2000 election, Colorado voters passed a Property Tax Exemption for Seniors, known as Referendum A. Qualifying Seniors will see 50 percent of the first $ 200,000 of actual value of their primary residence exempted from property tax. To qualify, at least one owner of a home must be 65 years or older as of January 1, and must have occupied the home as a primary residence for at least 10 consecutive years prior to January 1 of the year he/she applies. The Colorado Assembly reviews annually and has approved funding for the senior citizen property exemption for tax year 2018, payable in 2019.